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Dow Jones Industrial Average forum

8 hours ago

Hi guys, I had a free time to look onto all after such a busy family day and I do hope you all enjoy your weekends))
So I would write now my post for the next Monday or the next week in general.
My view for this index, I see that index settled on good prices as I said before which resulted in that huge bullish rally, and would still help this index to push up and resume the main bullish wave for upside further moves as I mentioned
If you had a good luck in opening your long positions at early levels as me at 43783 so I would say to keep your longs open regardless the resistances you may see at those levels in sequence: 44411 & 44481 as if the index would reach to my trade open price at 43783 would be the doom day of that index and would send the index to further moves downside which I do not believe it would happen currently!
However if you search for intraday trades (during the day) so it would depend on short term moves up and down to gain few ticks like from 25 to 200 ticks in that range per trade which is absolutely fine but that post would not be valuable to you as it represents the whole view of the index and is targeting the medium term swing trades who search for 300 till 800 ticks (those I would advise to not close the long by any mean under 44411)
But if you are a long term traders and opened your positions like me early enough so that would recompensate any fluctuations and volatility so I would say what I would do personally, I would keep it open till 45300 and may I won't close either at 45300 but that is my main current target for a swing trade which could give around 1520 ticks which I think is not bad from few days

Note: as I receive lots of questions about if it is Okey to keep the long open and then open a short trade to win from the down moves which would happen during the main bullish wave?! So my answer is always the same, based on my personal experience, I do not recommend that at all and I found out that nothing is better than to be confident in your analysis and to take the full responsibility about your decision and to keep only one open trade on same market to not be confused and distracted as it could lead to open and close those trades based on emotions like fear or greed! But it is ONLY your decision to take and all the best to you

I wish you a good day
Till Monday and good luck guys 😊🍀

yesterday

Last push up to new ATH for SPX500 or top is in and start crashing.

2 days ago

last Trump presidency, we got the quarantine crash around Feb '20... Trump is back, we bound for a crash again.. When dems are in office, markets perform textbook definition movements. When a rep is in office, it's more choppy, more bearish in nature.. Safe to say a reset is inbound... More words to my theory I don't feel like typing, dm if you wanna chat and brainstorm. Happy weekend.. Bullish till next week Wednesday or last ATH establishes a new roof for hedges to capitalize on while Speculators try to push for a new high.